Several senior staff are believed to have left the fund house following its merger with Pioneer Investments, including heads for Asia institutional and China, as well as a lead equities PM.
Asia is fast becoming the wealth-creation capital of the world, with one new dollar billionaire being created every week in China alone, says a new report.
The British asset manager has added to its real estate team in Singapore as it anticipates an eastward wave of capital from European institutions.
Assets are changing hands among state-owned entities to support the first pillar of the pension system in China, but the asset management business is unlikely to reap benefits from this.
Australia’s $158 billion sovereign wealth fund is a large investor in alternative assets. Chief executive David Neal outlines its approach to private markets in the current environment.
The $125 billion state fund is seeking managers for 15 mandates for its first overseas absolute-return equity portfolios, as it seeks to counter expected volatility in global markets.